Palace expresses elation over World Economic Forum Report with improved ranking for PHL
Malacanang expressed elation on Thursday over the latest World Economic Forum Global Competitiveness Report, ranking the Philippines as 75th in the world.
“The World Economic Forum has ranked the Philippines as 75th in the world in its 2011-2012 Global Competitiveness Report, moving us up 10 places from our 2010-2011 ranking of 85th,” Presidential Spokesperson Edwin Lacierda said in a press briefing held in Malacanang on Thursday.
Lacierda said, “This is thus far our highest ever improvement, and one of the highest ranking improvement by any country in the world in the past year.”
“Since June of last year, our administration has been very active in showing the world that the Philippines is open for business; and thus it is good to see that our efforts have manifested in these rankings, particularly in the area of Macroeconomic Environment, in which we jumped 14 places to 54th in the world,” he said.
Lacierda said, “The report particularly noted our improved national savings, our managed inflation, the low interest rate environment, the lowering debt-to-GDP ratio, and most prominently, the four credit ratings upgrade in just one year in office.”
The Aquino government’s rankings also improved in the areas of Competitive Trade Tariffs, Number of Days to Start a Business, Public Trust to Politicians and Transparency in Policy Making, among others, according to Lacierda quoting the report.
“We are aware that the work does not end here. The report acknowledges that there remain challenges for us to hurdle; and we agree. We assure the Filipino people that while substantial progress has been made, the Aquino Administration continues its work to further improve the lives of the people,” he said.
The Aquino administration called on all stakeholders —both in the government and in the private sector—to continue fulfilling their parts in our collective responsibilities so that we can give the people the quality of life they rightfully deserve.
The Geneva-based World Economic Forum is an independent and impartial not-for-profit international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional, and industry agendas. (PCOO)
Malacanang expressed elation on Thursday over the latest World Economic Forum Global Competitiveness Report, ranking the Philippines as 75th in the world.
“The World Economic Forum has ranked the Philippines as 75th in the world in its 2011-2012 Global Competitiveness Report, moving us up 10 places from our 2010-2011 ranking of 85th,” Presidential Spokesperson Edwin Lacierda said in a press briefing held in Malacanang on Thursday.
Lacierda said, “This is thus far our highest ever improvement, and one of the highest ranking improvement by any country in the world in the past year.”
“Since June of last year, our administration has been very active in showing the world that the Philippines is open for business; and thus it is good to see that our efforts have manifested in these rankings, particularly in the area of Macroeconomic Environment, in which we jumped 14 places to 54th in the world,” he said.
Lacierda said, “The report particularly noted our improved national savings, our managed inflation, the low interest rate environment, the lowering debt-to-GDP ratio, and most prominently, the four credit ratings upgrade in just one year in office.”
The Aquino government’s rankings also improved in the areas of Competitive Trade Tariffs, Number of Days to Start a Business, Public Trust to Politicians and Transparency in Policy Making, among others, according to Lacierda quoting the report.
“We are aware that the work does not end here. The report acknowledges that there remain challenges for us to hurdle; and we agree. We assure the Filipino people that while substantial progress has been made, the Aquino Administration continues its work to further improve the lives of the people,” he said.
The Aquino administration called on all stakeholders —both in the government and in the private sector—to continue fulfilling their parts in our collective responsibilities so that we can give the people the quality of life they rightfully deserve.
The Geneva-based World Economic Forum is an independent and impartial not-for-profit international organization committed to improving the state of the world by engaging leaders in partnerships to shape global, regional, and industry agendas. (PCOO)
Energy Department monitors movement of oil prices says Malacañang
Malacanang assured the public that the Department of Energy (DOE) is closely monitoring the oil companies to ensure that oil price increases would be justified.
In a regular news briefing held in Malacanang on Thursday, Presidential Spokesperson Edwin Lacierda said the DOE regularly monitors the oil prices to ensure if these accurately reflect the prices of petroleum products in the international market.
“We follow the market forces. Ang mahalaga ay namo-monitor ng DOE ang pagtaas at alam nila kung anong range ang dapat itaas at kung anong range ang ibababa,” Lacierda said.
While the oil players had imposed a series of oil price increases, Lacierda said, “Over the weekend yata bababa ulit iyong presyo ng langis.”
Lacierda said the Palace will discuss with Energy Secretary Rene Almendras whether the government will continue the Pantawid Pasada Program of giving subsidy to legitimate passenger jeepneys, buses and tricycles franchise owners to help them cope with the impact of the oil price hikes.(PCOO)
Aquino transfers supervision of PITC Pharma to Department of Trade from Health Department
President Benigno S. Aquino III has transferred the supervision of the PITC Pharma Inc. (PPI) to the Department of Trade and Industry (DTI) from the Department of Health (DOH).
President Aquino issued Executive Order No. 54 transferring the PPI to DTI to improve policy and program coordination relative to the government‘s procurement and importation of drugs and medicines under Republic Act No. 9502.
PPI is a government-owned and controlled corporation. 60 percent of its outstanding capital stock is owned by the Philippine International Trading Corp. while 40 percent is owned by the National Development Co.
According to Executive Order No. 54, the transfer of the supervision of PPI to DTI also aims to “harmonize the administrative relationships among DTI, PITC, NDC and PPI.”
The President signed the EO 54 on September 6, 2011.
“The PPI shall be transferred from DOH to DTI to improve policy and program coordination relative to the government‘s procurement and importation of drugs and medicines under RA 9502,” the EO 54 stated.
The EO will take effect immediately upon publication in a newspaper of general circulation. (PCOO)
